How to Account for a Finance Lease (Lessee's Perspective)
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YouTubeEdspira
How to Account for a Finance Lease (Lessee's Perspective)
This video shows how the lessee would account for a lease classified as a finance lease under the new lease accounting rule. The lessee would initially recognize a right-of-use asset and a liability for the lease payments. The right-of-use asset is amortized over time, while the lease liability is reduced when lease payments are made and ...
92.4K viewsJun 19, 2017
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